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Supreme Court Allows Bank's Appeal Against NCDRC Order Holding Bank Liable for Insurance Claim. Borrower's Acceptance of SCDRC Order and One-Time Settlement with Bank Precludes Liability.

The Supreme Court allowed the appeal filed by the State Bank of India and another against the order of the National Consumer Disputes Redressal Commis...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case on Section 43B Disallowance — Co-operative Bank Held to be Scheduled Bank. Interest Payment to Co-operative Bank Attracts Section 43B Disallowance for Lack of Evidence of Payment Before Filing Return.

The case involves an appeal by the Commissioner of Income Tax-2 against an order of the Income Tax Appellate Tribunal (Tribunal) dated 26/10/2009 for ...

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NCLAT Allows Section 7 Petition in Insolvency Case Due to Acknowledgment of Debt in Balance Sheets and Emails. Repeated acknowledgment of debt by Corporate Debtor in balance sheets and emails extends limitation period under Section 18 of Limitation Act, 1963, saving the petition from being time-barred.

The case involves an appeal filed by Akzo Nobel India Ltd. (Financial Creditor) against Stan Cars Pvt. Ltd. (Corporate Debtor) under Section 61 of the...

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High Court of Karnataka Dismisses Appeal Challenging DICGC Act Provisions in Cooperative Bank Deposit Insurance Dispute. Sections 18A(5) and 21(3)(4) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, held constitutional and not arbitrary.

The appellant, Sri G.K. Gururaja Rao, Secretary of Sri Guru Raghavendra Sahakara Bank Niyamitha, filed a writ petition under Article 226 of the Consti...

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Bombay High Court Quashes FIR Against Accused in Cheque Dishonour Case Due to Lack of Evidence of Dishonest Intention. Mere dishonour of cheque does not attract Section 420 IPC without proof of fraudulent or dishonest inducement at the time of borrowing.

The judgment pertains to two criminal applications filed under Section 482 of the Code of Criminal Procedure, 1973, seeking quashing of FIR No. 86/201...